On 28 April 2011, the Annual General Meeting resolved to implement a share-related incentive programme for executive management based on the company’s share performance between 2011 and 2014. The CEO and other senior executives will participate in the incentive programme 2011 and 2012, provided that the profitability and sales targets that are established at the beginning of each year are achieved. The incentive results are contingent on a comparison of the company’s share price and the general index on the NASDAQ OMX Stockholm in 2013 compared with 2010, and in 2014 compared with 2011, whereby the company’s share price must have surpassed the general index by not less than 25% by 2013 compared with 2010, and by not less than 25% by 2014 compared with 2011 to entitle the participant to remuneration. Any remuneration will be paid in 2014 and 2015, respectively. The results of the incentive programme by 2014 and 2015 are limited to an annual amount equivalent to 1.44 months’ salary for the CEO and other senior executives participating in the incentive programme. Remuneration under this incentive programme is encompassed within the framework of variable remuneration as described in “Remuneration policies.”
Incentive Programme
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